6 Banks Own 70% of America’s Assets!


LISTEN NOW! Greg, John, and Pat discuss a recent report shared by a former Federal Reserve worker that 70% of all of America’s assets are owned by just six banks.  Andrew Huszar went to apologize according to the Wall Street Journal for contribution to execute quantitative easing.  “I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.”  He goes on to say that when the banks received money from our government they not only tightly restricted the loans they approved that were supposed to be made available to citizens but instead they invested those monies in the stock market.  All of this is happening at the same time that 2% of America’s population grows food for 98 % of the country.  They continue to share how things are very similar to the financial conditions that existed right before the depression.  Just more confirmation regarding the prophetic words the Lord has given us regarding the coming financial collapse.  

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